Toward a Monetary Union in the East African Community

Asymmetric Shocks, Exchange Rates, and Risk-Sharing Mechanisms

Toward a Monetary Union in the East African Community
This paper examines how susceptible East African Community (EAC) economies are to asymmetric shocks, assesses the value of the exchange rate as a shock absorber for these countries, and reviews adjustment mechanisms that would help ensure a successful experience under a common currency. The report draws on analysis of recent experiences and... READ MORE...

Publication date: July 2015
ISBN 9781513562179
$25.00

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